HelpWallet
Swap crypto in Status Wallet
cheny0
cheny0
and
Fabiomorais87
jorge-campo
on Feb 12, 2025

Status app is currently in beta stage
The Status app is currently in its beta stage. This means the application is still undergoing active development, and certain features described in this document may function differently or be unavailable within the app.
info
Currently, you can only swap on the Status desktop app.

By swapping, you exchange one asset for another, often for investment purposes, to obtain specific tokens or to access a community with particular token requirements. For example, you can swap ETH for SNT to join a Status Community that requires you to hold SNT.

tip
If you want to move your asset to another blockchain network, see Bridge crypto in Status Wallet instead. If you are unsure about the option to use, see Choose between bridging and swapping assets.

  • In Status Wallet, you can swap ERC-20 assets on Ethereum Mainnet, Arbitrum and Optimism blockchains.
  • You can only swap assets (virtual coins), not collectibles (NFTs).
  • You can set the maximum slippage to accept when swapping. If the slippage is set too low, the transaction may fail.
  • You need to pay a swap fee, which is automatically deducted from the amount you're swapping. You pay the fee to the blockchain that hosts your assets and the swap service, not Status. For more details, check out About swap and bridge fees.
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Slippage is the difference between the expected price of the swap and the actual price at which it is executed. It defines how much price movement you accept before the swap fails.

  1. 1
    From the tab bar, tap
    Wallet
    .
  2. 2
    Select the Wallet account that contains the crypto to swap and tap
    Swap
    .
  3. 3
    Under
    Select asset to pay
    , choose the asset you want to swap.
  4. 4
    Enter the amount to swap and select the asset to swap to.
  5. 5
    Optionally, under
    Max slippage
    , tap
    Edit
     to change the maximum slippage. The default slippage is 0.5%.
  6. 6
    To swap an asset other than ETH, you must approve the smart contract first. Tap
    Approve [token name]
     and, on the
    Approve spending cap
     screen,
    Slide to sign
    .

  1. 1
    Tap
    Review Swap
    .
  2. 2
    Double-check the details, then
    Slide to swap
     and authenticate using your password or Keycard.
info
Your swapped tokens may take a few minutes to appear in Status Wallet.
Updated by
Fabiomorais87
Fabiomorais87on Feb 12, 2025
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